Singer and songwriter Britney Spears will pay the millions in legal costs earned by her father Jamie Spears that accrued during her time as custodian of her estate. But a Los Angeles judge will not allow the funds to be kept at the conservatory until this is resolved and ruled that the performer must control his money.
According to The Hollywood Reporter, at a heated hearing Wednesday afternoon before Judge Brenda Penny, attorneys for Britney and Jamie Spears and others related to the now-discontinued Conservatory argued over allegations of misconduct, press leaks and those in charge. money star.
According to Deadline, Justin Gold, a lawyer for the estate’s temporary security guard John Zabel, argued that the Conservative’s assets should be transferred to Britney, which was met with sharp criticism from Jamie’s lawyer Alex Weingarten. Britney’s lawyer Matthew Rosengart quickly intervened.
Before the hearing began, a fight broke out over Jamie’s current legal costs. His court costs have increased since the fall of 2020 to millions of dollars in fees, and are currently pending in court. Only one firm, Holland & Knight, has allocated its fees of more than $ 1.3 million.
Rosengart insisted that she could consider applications for fees if necessary, arguing that Britney had the money to pay her lawyers and that she was “not going to disband her assets.” In the end, Penny declined to provide funds and explained that there are legislative safeguards in place to ensure that lawyers receive money in the event that an order is issued to grant their requests for fees.
Legal fees and twelfth accounting will be considered later. Among the issues that remain, Britney’s team also disputes the fees paid to her former business management firm TriStar Sports and Entertainment, arguing that they are excessive and there was an inherent conflict of interest with the firm that dealt with Britney’s finances from the start because she took a loan. Jamie $ 40,000 in 2008. After Britney took a break in 2019, the firm told Jamie that she was incurring financial losses in running her business because she was paid based on a percentage of her income, and asked to change the arrangement to include a monthly payment fee to ensure that it is paid at least $ 500,000 per year. It was originally planned that the dispute over the summons sent to the firm would be considered during Wednesday’s hearing, but the parties agreed to continue the case.
The next meeting is scheduled for March 16, and another – for July 27.
Read also: Britney Spears filed a letter of termination and denial against Sister Jamie Lynn for “misleading” statements during the book’s promotions
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